“' L‘ .4

(By Johnston and Ward's Special Wire) MORNING LET‘!!!

mlW YORK, i N. Y., May 8- rhs manket rallied moderately in the early dcalintl remain-y. but drifted irregularly lower with vol- umeinthelasthnur inc. ‘. The rails and utilities helzi rather well and the weakness in the in- duatriais was selective. The metals were soft on the ntlnued defer- ment of an increased silver price by the Tr . Johm Mlanville was stroni and the building group should be carefully watched as activity in this industry is likely to he the basis for theinext forward step in s general business recovery.

The reaction of the past few days has gone about as far as it should unless I. fairly substantial decline is imanlnent. Thus, failure oi the market tcreoeive good sup- port today could be construed as

unfavorable. . . . I . Leidlaw and Company. SUMMARY

new YORK, N. Y., May il-Bank of lilngland rate unchanged at 2

cent.

GoldBars in London 144s 4d vs. 145s Wednesday.

Chevrolet and Fisher Body, plants in Jamesville, Wis, and At- lanta were shut down last night be- cause of lock oi’ transmissions caused by Ibledo walkout,

Bank of Danzig has raised its discount rate to slx per cent from 4 per cent and lhe currency has been devalued by 48.81 per cent. tndlbg in '_ currencies sus- pended.

Cons. Ges and Electric Light and Pole;- Company of Baltimore calls for redemption on July 1, 1035 at

N! Film and wholly owned aubs 18 weeks ended March 81st earned

21 cents a slwre on combined .

clauAandBstccksvsﬂcentsa than on combined stocks for 12 weeks ended march 81, 1984. Chrysler Corp. and subs in March quarter aifter charges and. after deducting non recurring charge of $1,507,525 premium on $10,150,500 of Dodge debentures called forredemptlon on~ Ma/y 1st earned $0.12 a diare vs. '15 cents a. share in first quarter 1884. Declar- ed an extra dividend of 25 cents

and regular quarterly 88 cents divi-~

dendonoonlmon- High Low Last Off

so um 110cc 108.52 108.71 .11 2o Rails‘ sot: ao.n 10.21 .02 so Bonds . 95.10 .04

-Ilgh Low Last Up

U Util'. 18.38 18.12 18.21 .04 . DowJones.

BANON says f

- , Que, May 2-=Sub-

tc minor rallies the mobabil- ltlea now favor a setback of ap- proximately 4 points in the aver- ages before the current correction h completed. Rails showed sur- prising recistan yesterday while militias contniued their newly dlahlislmd pattern of meeting etmng buying support on recess- lcna and even rallying on general malaise. Position of utilities re- mains strong and any good news on this division from Washington should be followed by some im-

pressive dlqrloys. American Bank otc reoommendedunder 80 was

N

I. feahne yesterday. Qome large blocks changed hands at advanc- ing prices. Amn. Bank Note gives

every skn of proving a strong

leader- throughout. 1835. Silvers

were weak in i... nto while golds dipped slightly near. the close. On dips continue to buy Dome. Moln- fme, Can. Malartio, ‘leek Hughes.

Wright Hargreaves, and Holllnger. - Bacon.

' narrows "NOON LITTER”

in for further correction. I 0118'

W MARKET cosszr.

MONTREAL. May a-rrle mar- ket's inability to move forward is a bearlm symptom and continua the errmesed view that stocks are

80st that profits in New York be accepted. Reports on car loadings issued

- BABINO LETTER. Wednesday Afternoon

NEW YORK. May 1-1 said last

night that the general list should be reactionary today to be followed by a resumption of the advance to- morrow, "rhursday" afternoon. The Industrial averages got, dqym w llldcilﬂrlaisissnswlowonthis reaction. As stated they, should or mlsht go tc 108 which is the figure I predicted a week ago. Any little setback of even a fraction tomor- row morning will finish this re- action. ' . Amn. Bank Note will probably sell above 80 before long but that does not mean that u should buy it on this bulge. ou" should have hour-ht it near 10.

Phillip Morris could go near 4-

where you can buy it-fcr -a new high. United Aircraft which you should have bought ‘Puesday- i around. .12 sold at 18 1-2. 1t is still a purdiase below 18 for about l0 points.

Allis Chalmers, recommended some time ago around 13 sold at l8 1-4. Don't sell yet. National Dis- tillers reacted tc 28 1-8 and mir- chases at this level will prove prof- itable. Fairbanks Morse was a little reactlo_ 7y, but will resume‘ its advance smrtly. Still s. buy aroundilCerrodePasoouldthe other silver stocks reacted a point or so but their reaction is not likely to. In more than n. point further. Amn. Smelling is espec- ially good. DuPont finally got down to 85 1-8 today buy‘ it" there to may be 04 or 98 1-2. On any dip you can still buy Johns» Mcnvllle, Bethlehem Steel, Am. Rolling Mills, Am. rm- Power .1 per. cent pfd, _Co1. Carbon, Dome, ‘U. B. 1nd. Alcohol, Westinghouse, Gen. Electric and hold on to your Radio B pfd, Col. Pictures and other recent recom- mendations. - -

Baring.

GRAIN

(Jolmston and Ward) CHICAGO, May 2- Wheat:-

lllgh Low Last

00% ' _ 00% o1 97

$51; 88%

July II”. L171} .4111. mu 4 \VINNIPEG, .\it|y -~ Wheat:-

lllgh Low I404

99% 38% 89%

~ ill???“ 2t “f. 401), sea 4o

_._.___

(Canadian Prel)

the Canadian dollar as

ed today as follows- Argentina peso $88. Australia. pound 8.8172. Austria schilllng .1880. Belgium balsa .1700. Bulgaria lev .0125. China Hong Kong dollars .5108. Czechoslovakia crown .0419. Denmark krone .8108. Finland iinrnark .0818. France franc .0808.

‘Germs reiobslnar A044. Great Britain pound 4.8808. Holland florln .0788

Japan yen .8781.

New Zealand pound 8.8184. Norway krone .3440- Poland sloti .1806. - South Africa Wlind 4.8830. Spain peeete .1872. Sweden krone .8804. Switzerland franc

cent 1711111“!!!

Canada iiii 11-10. . Closing exchange rates:-

dollsr Li!) tl-lll; franc 0.02.

francs.

OOIIKI. LOANI ‘l0 IIOIIII -____-

0tI).000 during the week ended May orsgreaenting an inersa .00

week ended llay I, 1084 were 0 coo.

i y . i .. M‘! i. awn-i t- ." .-. i

Markets At A N, Y stock

trial men higher.

ﬂlomnto Mines-Ecru‘. " ‘

New York-Stocks 010801! hid! (Quotations v innipeg—Wbeat and ward; Ionian '

ll ICIIIL “Blotte-

Now York-Cotton and coffee higher; rubber and auger lower.

PRODUCE

quiet. ‘libel butter quoted tit 'ﬂ 1-4 tc

small 1-8to84cents cmdMI-l cents (or solids and mints respec

Con Oll . . . . ,. Can Dry Gin A

Miscellaneous

(Canadian Press) MONTREAL, May 2- Wheat nor no I 84. Barley, C W no 8 58. Oats, C ‘W no I 52.

Oats C W no 8 48. Oats feed no 1 45. Flour spring wheat patents,

llrie First Natl Stores x .

Flour bakers $5.00. Flour winter wheat

Ken (topper ..

x E

14.1% 83% 78%

415a,’. 401i Sept , am em

1111/. 81% 819i

Shell Union Oil Sim Co . . . . . . . . ..

hcur and 106.000 sh

ice was posted. show- -4 cents, the selling had dried up and ereafter

e of net gains. Golds ware 0n the soft

MONTREAL, May 2 --.‘British and. 101151211 excha ill relation t0 ‘ed and base meta‘;

by the Rcyal Bank of Canada cloe- u“ volume “m: m,

S, Wright 1._.g.e..

to 8.10 was chalked ltantiﬂ turnover.

weakened 10 eon ‘tie l0 and Reno

each. Mcwatters. and

P TORONTO, llay 2-

.3048 United states dollar, 5-18 p01’

R it; Belgium 1004: Germany 40.80;

At Montreal-Pound 4M5‘: U. l. At New York-Pound »4 84 : Can- 11 6

At Purim-Pound 48 fr; Canadian dollar 18.10 fr: U. S. dollar 18.101‘

1n gold-Pound 11c 0d: Canadian dollar 80.08 cents: U. 8. dollar U31

preme managed yesterday without any loss of dignity and ning silk hoes once.

that a device for

(Canadian Iran)

WASHINGTON. slay i-Loaua on lecurlilns to brokers and dealers held by week! reporting member banks in New crk City amounted to ID; o .

L. E8

n lil .- Ier the week. The loans for the

ii

$14

gsﬁ.-salsrisﬁ§

-a incl

andtho

Ieistod

its discount

emu

Champ Oll

i110! without mentio The court ruled mending rum-in women's hose — nstrotcd when the case was by lliae Belly Elm-was not

Mo. referred u»

demo Issued entitled-to o.

Stone . Nml Mince .

GUI eae no an yea oe III I I00 DC 1 ea

Temlska . . .

- - Currencies

(Canadian Press) NEW YORK, May z-sterling Canadian somewhat higher, tbs French franc lower, the foreign exchange mar-

W.

The pound sterling 1-4 for a net galn while the Dominion dollar reduced from 8-8 to 5-18 per ‘- franc, closing at

oent.'l‘hel'lr showed a loss of

0.09 8-4 cents, .01 1-8 of a cent.

sterling showed a mall Montreal foreign emoh while the French fran United iltates dollar

slightly. i The pound was cent at $4.06 5

11o -8. the dollar eased 1-18 of one per oen

percent .01 of a cent at 86.02 cents.

MT ’L. CURB

(Johnston and Ward)

Assoc Brew .. Beanhnrnola .. .. Brit Amer 0x11: ... .....

Con Paper ... f

Walker Good p Walker llrr-w .. Wright liar . .

_______.€___. OAILDIAK NATIONA . . IIVINUIS

MONTREAL. Ml of the Canadian system for the 0-day April 80. were w th SLONJM Killed of 1884.

atlonal Rllllwnys

for the correspcndi an increase of 8482,-

MODES’!!!

WAGBJNCHUN. Me w-The su- Court of the tc hand down e decision affecting women's stock-

Austeiely, t the run-mending gadget ls vice for repairing runs in knitted fabrics.”

1m. Stock Exchange

(Quotations furnished by Johnston I

and Ward members the Mont

real Stock Exchange, Mantras Curb Market. 156 Richmond Street Charlottetown).

Stocks Opened Lao!

Ruilrurst A ._ .. m 4% Boil ’l‘"! , . . . . . . . . . . . .. 127v 125 llrnz ’l‘ l. Pow . 8%, 8% ll i? Pu“ ’\ . 24% Build 1mm 28% (‘an (‘m- 1mm 1% (Inn (‘vi i‘. . . 90%, (‘nu lijvilr.» l-IE-i- pfrl 40 (‘nu Inil .\l .\ . 9% 8%

ti! 20 D0111 Biiwl 0V1: & Dom Tex (‘our .

Holl liuhl ‘l. ' 1' 0 1515 ﬂan Nirln-l . . .. 27v. 2114 Massey Burris .. 4V. 4% 310C011 Frunl. . Iii 13 Mont Pow 271i; 21 Natl Brow . . 321,4 821,5 Power (‘orp 7% 1% Quchoo Pun- .. l3 15 St Law Pill . 5 5

‘l5 15% Routlr l‘ l‘.\\r ,. 10% Stool (‘o (‘an Hum .. .. 44 4.1% \Vln Elcc .. . 110 110 BANKS Cominoree .. 150 111i. Eilolitrw-nl Nova Svuiln 200 Royal . 1001/‘ 152 Iinuk ot Pmlmln . . . . .. 58

COACH TOO HEAVY F

0R. KING'S TIE

LONDON-When the King and. Queen drive from Buckingham Pal- ace to Si. Paul's Cathedral for the

lllr.;1ks;i\"'1",' service Jubilee Day, iwy 6, i1; accompanying proces- sion must step lively. the order be- ing to move at a "slow trot."

Their Majesties will make the

Journey in an open state laudau draw-n by six of the famous Mnd~ sor grey horses. The first proposal they should ride in the coronation coach built for King Edward VII has been dropped. 'I"his great veh‘cle weighs 8 1-8 tons and could not travel at the pace required for the procession.

Nine other laudaus, each drawn

by four bay horse; from the royal mews, will accompany the King's carriage. They will bear to the

cathedral the royal princes, the

prime minister of the United King- dom, the prime ministers of the Domlnions and other representatives of the Empire's dorninions and col-

onies. The route will be ‘lined with 10,000 men of the Royal Navy the Army end Royal Air voice.

rvrsiaur" EXAIIIIIITIOI

Iltiiagaalnglytnsolaall.

ll. J. lllliiil

OHDIIIIIIT

Olleeoeaaeetedﬂh Ilrqdle

p e o’! ___

Historic home of the

Central Joli Nov. l-tf-

_ ALE-G mam. 14 years ol ebster’ ‘ . 111141-8-1-81

nrsvv snows placing lmdet 0Q.

8-2148. eccx

.Also Cream

Apply D

MT. hay 812.00. Further T0 LET-LIGHT HOUSEKEEP- Arthur Wood. ing rooms. Apply Guardian.

L-ma-s-z-tl

L-‘ilttl-li-l-Bi. TO LII-HOUSE, l‘ WEYMOUTII _

il relgnl _"" . ’ _ ‘ _ ‘ A BROADCA$T$ ._ Theﬁtbannivcaeryolthoeeeeuioncfﬁ v '5 Majcstytotbetllroneiagoingtobeﬂtﬁngly ‘El; celcbratcd-througiront u» mp1... use: up » Li.“ magicoftheprovenGlobehottsrRadlcyou ‘f can listen in dieet-cn these joyous es ' ',= which will’ from ma». m , ‘,- then wbeirtlceqluhilce programs are over, your j,‘ Globe ‘Rotter as toentertain you 1f. with fasoinatinglprogrcmsfromthewcrldovu- "; A wide choicest-models a» every purse and lﬁ,‘ taste amen-display atoorstore. g Ii,- $5 Balancethllifeekly ~ (if. - / - T‘. Modelll8- 466. DQWN (CIAgIIgnPRSIrCIllTIgaHVTERE/ST. I ‘

RCA Vktor adio Y ”_'~__~____ soul ‘summszzswz + STORES - CHARLOTTETOWN

_‘.“_L—5'1-E{%'- .

~91“ -'="-"'**~ Work Wanted

EMPIDYMIZNT WANTED — UNI.- verslty Graduate wants employ‘ mcnt from now 1x11 August 81s‘:

Strong, abla-bodi Will work

r011 BALI - aucfrlori roan- Ilvqlrldgs and Wblat Boom APW M. new

Hennan Harper, Plcltslv-u.

Miscellaneous

lottetown.

$5] ra-nmalns cnenrrons An- ﬁ»,-__ rangement. Office located per-

; manently at Montague after May “H” s“ 1. .1. n. McLeod

e1‘. L-‘IZGO-S-S-Bl

11-7221-5-3-11.

To Let z Ill-ID BOOK. CHICKS. I015 sale May 8th. l0 cents. A. Currie, Falfview. '

Street. Apply 804 Richmond.

t 3“*.°.“.°f'.'5"

furnish 380M118. Write P. O. Box 213.

Boarders Wanted

ted, 151 Prince Street.

MQIQN’, H1111“! R1121‘.

1

on-orrrmwr

. L-'l%-5-8~3L ' - . Lost EBA]. IUBPOSI d, Daniel Gael, IDS’! OFF CANOE COVE, MOTOR

Boat. Finder communicate with Dougald Mclean, Canoe Cove o!

70504-3041.

1111s rs ran ‘£13m drolngélv: 4m. Willard m“ 1mm“ ‘m "° "

bqumhﬁa. Cguamer Mrs. Dsvison, 1'10 L-0087-4-84-w-F-M-0i.

sank -'- srirsnmn cow. "'-"——-_—-f___

M“ 10g; on, qmmky A NEW INSURANCE FEATURE. cm. Apply c; s; 11mm; m. glgarlzrfhfiélg; N" l?!“ if;

- A

mm‘ buwh 2'“ for very little outlay. Ehrquire [A 5 stating age. J. A. Moore, Char- in good condition.

08-11. 14-1230-5-3 #641.

HATCBEBY NOW OPERATINQ $530337 "a? (Lldmxeﬂgs) all“). “ ' ' ‘two rays.Cas. cenna, ew- mu Bus" yﬂedﬁmttn vtown cross. L-1197-5-2-li. wheels. Walter B. We

Official Receiv-

ro rsrr - renames-r, 001mm . Gerald and Crlebar Street. Apply .,

11-‘1214-8-8-11. 101 Weymouth Street. . Lncco-a-l-ai.

..-._........l.,.-_A. . .

11-7208-5-2-31 '

WAllTID-TWO 0B Tllllll UN- ed rooms for light house-

L-rooe-r-i-ei.

scanners couron-rsnu- ac. Is-ﬂli-bvﬂ-QL

wanna - mama. ~18...

L-WMLIl-S-ﬁ? ‘y ' a